How To Fix FINS_IC_CLR001 - &1 correction line items were created in ledger &2, company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CLR - Manage Currencies: Clearing

• Message number: 001

• Message text: &1 correction line items were created in ledger &2, company code &3

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IC_CLR001 - &1 correction line items were created in ledger &2, company code &3 ?

  The SAP error message FINS_IC_CLR001 typically indicates that there are correction line items created in a specific ledger and company code. This error is often related to intercompany reconciliation processes, where discrepancies in intercompany transactions need to be addressed.
  Cause:
  
  Intercompany Transactions: The error usually arises when there are discrepancies in intercompany transactions that need to be corrected. This can happen due to mismatches in amounts, currencies, or other transaction details between the involved entities.
  Posting Issues: There may be issues with how the transactions were posted, leading to the creation of correction line items.
  Configuration Issues: Incorrect configuration in the intercompany settings or ledger settings can also lead to this error.
  
  Solution:
  
  Review Correction Line Items: Check the correction line items created in the specified ledger and company code. You can do this by using transaction codes like FB03 (Display Document) or FBL3N (G/L Account Line Items) to analyze the details of the transactions.
  Reconcile Intercompany Transactions: Ensure that all intercompany transactions are reconciled. This may involve checking the entries in both company codes involved in the transaction to ensure they match.
  Adjust Posting: If discrepancies are found, you may need to adjust the postings to correct the amounts or details. This could involve creating new journal entries or adjusting existing ones.
  Check Configuration: Review the configuration settings for intercompany transactions in the SAP system. Ensure that all necessary settings are correctly configured to prevent future discrepancies.
  Consult Documentation: Refer to SAP documentation or notes related to intercompany reconciliation and the specific error message for additional guidance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB03, FBL3N, F.2D (Intercompany Reconciliation), and F.5D (Intercompany Reconciliation Report).
  SAP Notes: Check for any SAP Notes related to the error message FINS_IC_CLR001 for specific patches or updates that may address known issues.
  User Roles: Ensure that users have the appropriate roles and authorizations to view and correct intercompany transactions.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Financials for further assistance.